Latest Developments in Grains and Livestock Futures Markets
Monday, 22 July 2024, 17:48
Current Market Trends
The recent developments in the grains and livestock futures markets are significant. Row crops are showing recovery as we approach the weekend.
Price Gains
- December corn is up 9 1/2 cents.
- November soybeans have risen 30 cents.
- September soybean oil has increased by 0.61 cent.
These trends suggest a possible correction in the markets.
Influencing Factors
A crucial factor behind the soybean oil rise is a notable gain in November canola prices amid harsh weather conditions affecting northern crops.
- Hot and dry conditions are threatening crop yields.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.